As at May 3, 2024, the ERIE stock has a PE ratio of 37.54. This is based on the current EPS of $10.39 and the stock price of $390.01 per share. An increase of 11% has been seen in the P/E ratio compared to the average of 33.9 of the last 4 quarters.
The mean historical PE ratio of Erie Indemnity over the last ten years is 28.24. The current 37.54 PE ratio is 33% above the historical average. Over the past ten years, ERIE's PE ratio was at its highest in the Dec 2020 quarter at 38.98, with a price of $245.6 and an EPS of $6.3. The Sep 2014 quarter recorded the bottom point at 19.95, with a price of $75.81 and an EPS of $3.8.
Maximum annual increase: 59.69% in 2020
Maximum annual decrease: -25.21% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 34.96 | -9.9% |
| 2022 | 38.8 | 28.9% |
| 2021 | 30.1 | -22.78% |
| 2020 | 38.98 | 59.69% |
| 2019 | 24.41 | 13.32% |
| 2018 | 21.54 | -25.21% |
| 2017 | 28.8 | 15.76% |
| 2016 | 24.88 | -2.43% |
| 2015 | 25.5 | 0.87% |
| 2014 | 25.28 | 19.64% |
ERIE's current P/E ratio is above the 3, 5 and 10-year historical averages.
Compared to its peer stocks ACGL and AFG, ERIE's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ACGL Arch Capital Group Ltd | 8.13 | $36.34B |
| AFG American Financial Group Inc | 12.42 | $10.91B |
| GNW Genworth Financial Inc | 31.71 | $2.92B |
| ERIE Erie Indemnity Co | 38.48 | $18.47B |
ERIE's price to earnings ratio is 37.54 as of May 3, 2024.
The average PE ratio for ERIE stock over the past 3 years is 32.45.
The average PE ratio for ERIE stock over the past 5 years is 31.95.
In the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 38.98.
ERIE's current price to earnings ratio is 33% above its 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (May 3, 2024), Erie Indemnity's stock price is $390.01. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $10.39. Therefore, Erie Indemnity's P/E ratio for today is 37.54. PE RATIO(37.54) = STOCK PRICE($390.01) / TTM EPS($10.39)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.